Krause Corporation purchased factory equipment that was installed and put into service January 2, 2014, at a total cost of $60,000. Residual value was estimated at $4,000. The equipment is being depreciated over four years using the double-declining balance method. For the year 2015, Krause should record depreciation expense on this equipment of

Select one:

a. $30,000.

b. $15,000.

c. $14,000.

d. $28,000.